Patton Albertson Miller Group LLC Cuts Position in Walmart Inc. (NYSE:WMT)

Patton Albertson Miller Group LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,768 shares of the retailer’s stock after selling 6,133 shares during the quarter. Walmart accounts for 1.2% of Patton Albertson Miller Group LLC’s investment portfolio, making the stock its 20th largest position. Patton Albertson Miller Group LLC’s holdings in Walmart were worth $8,864,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in Walmart during the 1st quarter valued at about $25,000. Peterson Financial Group Inc. purchased a new position in Walmart during the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC increased its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in Walmart during the 2nd quarter valued at about $29,000. Finally, Kozak & Associates Inc. increased its holdings in Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WMT shares. TD Cowen raised their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Bank of America raised their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley raised their price target on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price target on shares of Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Finally, Melius Research assumed coverage on shares of Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.88.

Walmart Trading Down 1.1 %

WMT opened at $89.45 on Tuesday. The firm has a market capitalization of $719.02 billion, a P/E ratio of 36.71, a P/E/G ratio of 4.29 and a beta of 0.51. The firm’s 50 day moving average is $82.29 and its 200-day moving average is $74.14. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $90.95. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. Analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.